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Rengan Rajaratnam Settles SEC's Insider Trading Claims

Rengan Rajaratnam has agreed to pay more than $840,000 and accept a securities industry bar to resolve the U.S. Securities and Exchange Commission's civil insider trading case, three months after the former Galleon Group LLC manager was acquitted of a related criminal charge, according to court papers filed Thursday.

  • BREAKING: Chiquita Investors Vote Down Fyffes Inversion

    Shareholders in Chiquita Brands International Inc. on Friday voted down the banana giant's plans for a $500 million-plus merger with Ireland's Fyffes PLC, dealing a death blow to the ballyhooed tax inversion one day after a pair of Brazilian bidders surfaced with a heftier offer.

  • Apple May Not Be Done With GTAT After It Clears Ch. 11

    Apple Inc. said Thursday that a now-finalized settlement with bankrupt GT Advanced Technologies Inc. could pave the way for the two to resume doing business once GT exits the sapphire production business responsible for its abrupt collapse.

  • Aereo Can't Use Compulsory License, Judge Says

    Aereo Inc., the upstart online streaming service that was shuttered by the U.S. Supreme Court in June, lost its bid Thursday to continue operating by using the compulsory copyright license available to cable providers.

  • Jury Clears J&J In 1st Bellwether Over Pinnacle Hip Implant

    A Texas federal jury on Thursday unanimously cleared Johnson & Johnson's DePuy Orthopedics Inc. unit of accusations it manufactured a dangerous and defective metal-on-metal hip implant, in a bellwether trial in multidistrict litigation over the company's Pinnacle device.

  • 7th Circ. Won't Resurrect Redbox Video Privacy Class Action

    The Seventh Circuit on Thursday refused to revive a proposed class action accusing Redbox Automated Retail LLC of illegally disclosing consumers' personally identifiable information to a customer service contractor, ruling the data sharing was necessary for the contractor to perform its duties.